Even when the financial regulator has the power to act, years can go by before it takes enforcement action, the U.K.'s National Audit Office said.Source …
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Binance Withdraws License Application for Abu Dhabi Investment Fund
Binance determined the application was not necessary "when assessing [its] global needs." The move is unrelated to the exchange's legal settlement in the U.S.Source …
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El Salvador Could Rake in $1B Bitcoin Investment Per Year With New ‘Freedom VISA’
The country’s treasury owns just over 2,700 bitcoin (BTC), which has yielded over $3 million in unrealized profit so far.Source …
Bitcoin, Ether Options’ Value on Deribit Reaches Record High of $23B
Increased interest in the three-dimensional options market suggests an influx of sophisticated traders in the crypto market.Source …
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Robinhood Broadens Crypto Service to Europe, Notes Region’s Digital Asset Regulation
The company said it chose Europe to anchor its crypto expansion outside the U.S. because of the region's comprehensive rules.Source …
Elon Musk Halts Dogecoin Surge by Saying His AI Business Is ‘Not Raising Money’
DOGE surged Tuesday after an SEC filing showed xAI had already raised $134.7 million and might seek $1 billion.Source …
Crypto Miner Phoenix Group’s Shares Surge 35% in Abu Dhabi Stock Market Debut
The UAE-based company said its initial public offering (IPO) in November was 33-times oversubscribed.Source …